A theory is expanded and enhanced by the addition

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34c: A theory is expanded and enhanced by the addition of:

1 verified principles.
2 wild guesses.
3 random data.
4 irrelevant axioms.
5 refuted hypotheses.

53a: A market imperfection that prompts government action because one company has dominated a market causing higher prices, less production, and an inefficient allocation of resources is:

1 growth.
2 information.
3 externalities.
4 competition.
5 instability
54l: If an economic policy is not efficiently implemented because government workers are not held responsible for their actions, then the primary source of government imperfection at work here is:

1 re-election-seeking politician.
2 voter apathy.
3 instability.
4 complex bureaucracy.
5 special interest groups.

Reference no: EM13841289

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